However, Granziano adds that the two sides are not close to agreement on a long-term extension, and New York is reportedly comfortable allowing Manning play out the final year of his contract.

Sources tell Granziano that the Giants were keeping a close eye on the contract between the Steelers and QB Ben Roethlisberger. Ultimately, they managed to reach an agreement on a five-year, $99 million deal a week ago, but the Giants reportedly believe Manning will ask for even more money than what Big Ben got.

According to Granziano, the Giants aren’t willing to offer him that much money, even though they would still like to keep him in place as their quarterback for the remainder of his career.

Granziano brings up a good point, which is that there really isn’t much of an advantage to hammering out a long-term agreement right now, seeing as the free agent market is limited, so freeing up some cap space wouldn’t help them to acquire impact talent.

Manning, 34, has one year remaining on his seven-year, $106.9 million contract that included $35 million guaranteed. His base salary for the 2015 season sits at $17 million to go along with a staggering cap figure of $19.75 million.

In 2014, Manning threw for 4,410 yards while completing 63.1 percent of his passes to go along with 30 touchdowns and 14 interceptions. Pro Football Focus has him rated as the No. 18 quarterback out of 39 qualifying players.